48 Deputy Bernard J. Durkan asked the Minister for Finance if he has received any communications from the banking or lending sectors with a view to achieving a basis for addressing the ever increasing issue of mortgage arrears which has been exasperated by unemployment and negative equity; if any progress can be made towards the elimination of compound interest being applied which in turn reduces the capacity of the borrower to resolve a debt problem; if any progress has been or can be made towards putting in place a mechanism that will at least give a householder with mortgage arrears a reasonable chance of regaining control over mortgage debt; and if he will make a statement on the matter. [18529/11]

Summary

48 Deputy Bernard J. Durkan asked the Minister for Finance if he has received any communications from the banking or lending sectors with a view to achieving a basis for addressing the ever increasing issue of mortgage arrears which has been exasperated by unemployment and negative equity; if any progress can be made towards the elimination of compound interest being applied which in turn reduces the capacity of the borrower to resolve a debt problem; if any progress has been or can be made towards putting in place a mechanism that will at least give a householder with mortgage arrears a reasonable chance of regaining control over mortgage debt; and if he will make a statement on the matter. [18529/11]

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• Mortgage Arrears

  xml · EN · 5 July 2011

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